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20121202
20121210
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. alerts to shipping companies have been issued. government officials in seoul have seen the scenario before. foreign ministry officials met separately with envoys from japan, the united states, china and russia. it's believed they discussed ways to cancel the launch. the ships have technology to track missiles. they're also considering raising the country's alert status by one notch. >>> euro zone finance ministers approved a loan just last week. now the greeks have announced one way they will use the funds. what's the latest? >> one of the requirements for greek receiving the bailout fund is they cut down their debt. they will buy back government bonds a t a discount. greek officials said on monday they will purchase the bonds from private financial institutions. they will pay 30 to 40% of the original price before the bonds mature. the announcement came a week after euro zone finance ministers agreed to offer 43.7 billion euros. that's about $57 billion. greek officials said the critor institutions will receive bonds issued by the euro zone's bail out fund instead of cash. the buy
the communist one party rule. many chinese make direct appeals to central government offices and media organizations to complain about corrupt officials and forced evictions. in a ceremony to mark the anniversary, chinese communist party chief she jay ping said he would speed up the legal process. activists in china say tuesday's police action suggest the party is still trying to stifle creditism under shi's new leadership. social activists use the internet to out leaders for corruption and treating the under class urn fairly. the leaders see this as a threat to control and clamp down on some websites. persistent chinese are still finding ways to speak out. >> reporter: in china more than 500 million use the web. they have a broad internet community. >> translator: the stock prices and the foreign sites for financial information. >> translator: i simply cannot live without my smartphone. >> reporter: also, they make some sites off limits. on the chinese site we enter a wall. the internet has given life to new movements. this is a former airport employee. now he is an internet reporter
korean government officials say their neighbors are sending up a missile. they say it has a range of more than 10,000 kilometers capable of reaching the u.s. west coast. experts used data from previous launches to make their estimate. they say a missile launched in 2009 had a range of almost 7,000 kilometers. north korean officials tried again in april. the rocket exploded shortly after takeoff. seconds longer tn those used 18 inrevious attempts. the experts believe engineers may have succeeded in reducing the size of a nuclear warhead. south korean officials say workers have completed the assembly of the three-stage missile. they say once the crew injects the fuel, it will be ready to go. authorities in pyongyang say they've launch between the 10th and 22nd of this month. they say they're sending a satellite into orbit. but leaders of japan and other countries believe the north koreans are carrying out a test of a long-range ballistic missile. the senior u.s. diplomat on north korea has warned the leadership there. he said the u.s. will refer the matter to the u.n. security council if th
any debris. this will be the third such order issued by the government. the last time was in april when north korea launched another rocket. it blew up less than two minutes after lift off. s. officers are also on alert. >> those ships are capable of participates in defense. we will go forward with that as we did in the last time. >> he said officers will be able to track the missile's flight path. the north koreans have refined their technology so the probability of success has increased. the timing of the launch coincides with the presidential election campaign in south ko a korea. >> translator: today marks a watershed in the presidential campaign. i will do everything i can for the south korean people. >> translator: i promise to achieve a change of government. i would also like to realize a new era in politics. >> ahn said he'll join moon's campaign tour. the two couldn't agree on which one of them should run against the ruling party. so ahn withdrew from the race two weeks ago. the latest opinion poll suggests pak leads moon by about five percentage points. political analyst
the government in cairo; paul krugman on the stalemate over taxes and spending; the ongoing cholera epidemic in haiti; and american military leadership. but first, the other news of the day. here's hari sreenivasan. >> sreenivasan: iran claimed today it has captured a u.s. surveillance drone. the "scan-eagle" is used to collect photographic and video images. iranian state television broadcast video of two military commanders examining the aircraft. they said it was seized "in the past few days," but they did not specify where or how. in response, the u.s. navy said none of its unmanned aerial vehicles-- u.a.v.'s-- are missing. and in washington, white house spokesman jay carney raised doubts about tehran's statements. we have no evidence that the iranian claims you cite are true. i'd refer you to the pentagon's comments this morning for details about this particular type of u.a.v., but again we have no evidence that the iranian claims are true. >> sreenivasan: a year ago, iran did manage to down a c.i.a. drone that apparently crossed the border from afghanistan. and last month, the u.s. mili
accused of human rights offenses-- move the russian government has denounced. the house passed the legislation last month. president obama has pledged to sign it into law. it was all smiles today for the duchess of cambridge, as she left a london hospital. the former kate middleton was discharged after being treated for severe morning sickness. the duchess emerged with her husband, prince william, three days after being admitted. the hospital stay prompted royal officials to announce her pregnancy to the public. those are some of the day's major stories. now, back to jeff. >> brown: and to egypt. within the last 24 hours the country has seen the worst violence since president mohamed mor was electedn june. seven people were killed and more than 600 hurt during overnight clashes in cairo outside the presidential palace. we have a report from jonathan rugman of "independent television news." >> reporter: last year, they ousted a dictator. last night, they turned against one another. religious and secular egyptians fighting outside the palace of their first freely-elected presiden
tense face- off between the two branches of government. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is cessy withut raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion in taxes over ten years, imposing higher rates on those making more than $250,000 a year. in a letter sent to the white house today, speaker of the house john boehner rejected the president's approach, writing that republicans cannot in good conscience agree to this approach which is neither balanced nor realistic. his counter-offer, save $2. trillion by among other things raising $800 billion in new revenues. the plan would also raise the future eligibility age for medicare and alter medicaid to save another $600 billion. the republican plan would not incre
its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. house republicans reject that idea. and they've called for raising revee wthout rate hikes, plus major savings in entitlement programs. the president argued today a partial deal is possible on taxes, if the g.o.p. will agree to raise rates on the top 2%. >> and if we can get the leadership on the republican side to take that framework, to acknowledge that reality, then the numbers actually aren't that far apart. another way of putting this is, we can probably solve this in about a week. >> reporter: despite issuing a warning to congressional republicans, the president also expressed optimism that some gop lawmakers may be warming to the idea of allowing taxes on the wealthy to rise. but here at the capitol today, congressional republican leaders said the president should focus less on tax increases and more on spending cuts >> we put an offer on the table. now he has out of hand rejected that. where are the specifics? where are the discus
main categories they have -- one is how to reduce the size of government, and the other half of it is this model legislation that's in the corporate good. in other words, there's a profit-driven legislation. how can you open up a new market? how can you privatize something that can open up a market for a company? and between those two divisions, you are kind of getting to the same end goal, which is really kind of ultimate privatization of everything. >> mark pocan is something of an expert on alec. in fact, to learn as much as he could, he became a member. ♪ ♪ ♪ >> what i realized is if you join alec for a mere $100 as a legislator, you have the full access like any corporate member. >> he also took himself to an alec conference for a first-hand look. >> hi, i'm state representative mark pocan, and welcome to my videoblog. i'm outside the marriott on canal street in new orleans at the alec convention, the american legislative exchange council. that was where you watch the interaction of a room full of lobbyists -- free drinks, free cigars, wining, dining. many people j
thousands of victims of earthquakes, hurricanes, hiv, choler and not least government bury rock sees. they're succeeds not with a big top down plan but by listening to what the haitians want. >> early each morning in the chapel, the shrouded bodies of infants and one adult on the are counted, the names written down for prayers that follow a daily mass. >> anybody that dies in our arms as they say in our place, then their body is first broht to the chapel so the very next mass we have the prayers for the dead and for their peace and for the transformation of their life for eternity and for the strength and courage of their family. >> the father spends much of his day attacking the infant mortality he sees so literally each morning. he's the founder of one of the largest medical care facilities for children and many adults in haiti. it's grown by necessity often out of tragedy. he's a member of the community of passion did tates and he beg years ago with what seemed a more straightforward mission, a shelter and school for orphans. today 800 children are housed at several centers. this one ta
to be weak due to worries about the fiscal cliff. with $600 billion in automatic tax hikes and government spending cuts set to start next yer, why aren't more firms postponing hiring decisions? >> what we're hearing from businesses is that it is really hard to actually pull back hiring right now, because they've already fired so many workers, gotten so lean that it's really difficult. >> reporter: but not all the surprises in the report were good. at 7.7%, the unemployment rate hit its lowest level since december 2008. but that was mostly due to people giving up their search for work. and there's another disappointing trend, weak wage growth. >> what we are not seeing is strong income generation. the slowing in wage gains-- the weak bargaining power of labor comes across in this report and >> reporter: so although the labor market is not getting worse, it's not getting a lot better, either. and there are plenty of risks that could cause businesses to cancel projects, and hiring plans. >> clearly one of the biggest risks is that we don't see a deal on the fiscal cliff, or that they drag it
this say program that is governed by state law and administered by the state. and states pay up to 26 weeks of benefits, six months for people who lost jobs through no fault of their own. but if bad economic times historically congress has authorized additional levels of benefits. this time it is a program called the emergency unemployment compensation system. and there are four different tiers depending on how bad your state unemployment rate is every state gets 14 weeks. nine states get up to 47 a decisional weeks. and the rest are in betweenment but you have to be over 9% to get that additional 47 weeks. >> brown: so it is this program that is now caught up in the fiscal cliff negotiations. >> right. and it's unique this time around. this particular end of the month is a clear-cuttoff time. we have-- . >> brown: in the past it was phased out. >> right. and as harry said in your piece pointed out this is really the worst time of the year for this to happen. so what we need to do now is not just say oh let's just extend them. i think everyone thinks something like that has to happen. and i
the middle class with the bill." it's not just the federal government under pressure. credit ratings agency fitch calls the fiscal cliff the biggest concern for state credit in 2013. saying, "any meaningful federal deficit reduction is likely to lower state funding, forcing program elimination or backfilling." as the tax hikes and spending cuts approach, u.s. manufacturers saw business shrink last month. the institute of supply managemens purchasing magers index fell unexpectedly to 49.5, down from 51.7 in october. a reading below 50 means business has fallen back into contraction. the november statistic is the lowest since july 2009. the dow fell 60, the nasdaq down eight, the s&p 500 lost six. >> susie: jeff saut says investors seem to be ignoring bad news, and this is a bullish sign. he's managing director and chief investment strategist at raymond james. so jeff, not only are you bullish but you're also calling for a pretty decent santa claus rally. tell us why? >> well, i have learned over the 42 years in this business, susie, that it's pretty tough to put stocks to the downside in the
the federal government to the states, that's not really saving anything. and the president understands that. we think it is really important. recognizing if there are cuts in funds, there ought to be a corresponding reduction in some of the requirements that are put on the states. so we really, as much as anything else, wanted to make sure that our voices are heard and that as decisions are made, whether it is about taxes, whether it is about spending cuts, that they be done equitably and with our input. >> susie: your state is headquarters to many large american companies. and if their taxes go up, which everybody is expecting, what would that meanor jobs in delaware, and also for your state's economy? >> well, across the country, i think this whole issue around taxes and around the fiscal cliff generally leads to something else, which is significant uncertainty. and whether it is delaware or whether it is any other state, one of the things that is most important to us is having business leaders have some kind of certainty about what the ground rules are going to be. not just for the next
that they ordinarily would have. >> reporter: friday, the government will report it's monthly snapshot of the u.s. labor market. it, too, is likely to reflect temporary effects related to the aftermath of hurricane sandy. >> we're looking for only a 50,000 gain in jobs in november, well under that 170,000 average we've seen over the past three months. >> reporter: hurricane sandy's effects on hiring may be short- lived, but experts worry fiscal cliff concerns could result in a new storm brewing for workers looking to land a job in the coming weeks. suzanne pratt, "n.b.r.," new york. >> tom: citi and the financials lead the way higher on wall street, helping the dow top 13,000 again. but a big drop in apple shares kept the nasdaq from gains. by the closing bell, the dow was up 82 points, the nasdaq down 23, the s&p added two points. >> susie: investors were also encouraged by news that american workers were very productive this past summer, and that's good news for company profits. productivity increased at its fastest pace in two years, at an annual rate of 2.9% from july through september. tha
brother is in state government in texas. you're the youngest mayor... or one of the youngest mayors in the country, san antonio, and people are saying, "this family has got a political future." so is that kind of the way you had it all planned out? >> oh, it's... well, that's the way that it's working right now, it seems, but not the way that we planned out. >> hinojosa: so you didn't even think, like, when you were a kid you were like, "i'm going to become a politician like my mom." >> no. you know what's interesting was that because my mother was so involved at that time in different mexican american issues and women's issues, she would drag us to political rallies, to meetings, and for somebody that's five, six, seven, eight, nine, ten, those things are not the funnest thing to do in the world. and so we actually... joaquín and i wanted to do anything but go into politics. >> hinojosa: really? >> yeah. my brother wanted to be a lawyer and he is a lawyer today and i'm a lawyer, and i really didn't know what i wanted to do, but i didn't want to do that because it... you know, i ju
Search Results 0 to 15 of about 16